Company Registration No. 02792666 (England and Wales)
KNIGHTSBRIDGE VENDING LIMITED
Unaudited accounts
for the year ended 31 December 2023
KNIGHTSBRIDGE VENDING LIMITED
Unaudited accounts
Contents
KNIGHTSBRIDGE VENDING LIMITED
Company Information
for the year ended 31 December 2023
Directors
P. Knights
T. Knights
Company Number
02792666 (England and Wales)
Registered Office
THE CITY WORKS 18 NORBURY COURT
WELCOMB STREET, OPENSHAW
MANCHESTER
M11 2NB
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
KNIGHTSBRIDGE VENDING LIMITED
Accountants' report
Accountants' report to the board of directors of KNIGHTSBRIDGE VENDING LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KNIGHTSBRIDGE VENDING LIMITED for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KNIGHTSBRIDGE VENDING LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of KNIGHTSBRIDGE VENDING LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KNIGHTSBRIDGE VENDING LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KNIGHTSBRIDGE VENDING LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KNIGHTSBRIDGE VENDING LIMITED. You consider that KNIGHTSBRIDGE VENDING LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KNIGHTSBRIDGE VENDING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
6 February 2024
KNIGHTSBRIDGE VENDING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
226,011
231,818
Cash at bank and in hand
8,009
26,179
Creditors: amounts falling due within one year
(137,573)
(141,931)
Net current liabilities
(70,567)
(38,902)
Total assets less current liabilities
155,444
192,916
Creditors: amounts falling due after more than one year
(58,294)
(25,001)
Called up share capital
26
24
Profit and loss account
97,124
167,891
Shareholders' funds
97,150
167,915
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
P. Knights
Director
Company Registration No. 02792666
KNIGHTSBRIDGE VENDING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
KNIGHTSBRIDGE VENDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02792666. The registered office is THE CITY WORKS 18 NORBURY COURT, WELCOMB STREET, OPENSHAW, MANCHESTER, M11 2NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
RB 25%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The directors consider that it is appropriate to prepare the financial statements on a going concern basis and forecast profits to improve in the coming 12 months.
KNIGHTSBRIDGE VENDING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
22,200
At 31 December 2023
22,200
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
163,793
609,939
10,995
45,056
829,783
Additions
-
21,075
-
-
21,075
At 31 December 2023
163,793
631,014
10,995
45,056
850,858
At 1 January 2023
22,718
525,679
4,810
44,758
597,965
Charge for the year
1,411
23,850
1,546
75
26,882
At 31 December 2023
24,129
549,529
6,356
44,833
624,847
At 31 December 2023
139,664
81,485
4,639
223
226,011
At 31 December 2022
141,075
84,260
6,185
298
231,818
Amounts falling due within one year
Trade debtors
43,468
39,666
Accrued income and prepayments
1,949
3,392
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
74,005
71,804
Taxes and social security
17,673
9,220
Other creditors
4,010
7,377
Loans from directors
-
24,133
KNIGHTSBRIDGE VENDING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
43,293
-
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).